In this Wall Street View, our host spoke with Brent Cook, Editor/Geologist for Exploration Insights at the New Orleans Investment Conference 2011.

Friday, December 02, 2011

Brent Cook, Editor/Geologist for Exploration Insights updates SNNLive with his perspective on the Resource Industry at the New Orleans Investment Conference 2011. Mr. Cook is, “an independent exploration analyst with 30 years of experience in both property economics and geology evaluations”, whose knowledge “spans all areas of the mining business from the conceptual stage through to detailed technical and financial modeling related to mine development and production”.

In this Wall Street View, Brent discusses the geological considerations and realities exploration companies endure at this point in time. As he states, “The unfortunate odds are that 95% of the junior companies that are looking for something are finding nothing” because it is, “so difficult to understand what is going on at depth”. Having a solid geological team and drilling close to known deposits are crucial because, for instance, “They are drilling holes in Nevada, looking for deep Carlin-type systems up to 5,000 feet now…drilling to drill that deep is up $500,000, and you are drilling blind”.

Brent goes on to explain why drilling these deeper holes, although expensive, is becoming more of a reality for exploration companies. He concludes by discussing how Anomalies keep the Junior Exploration Market in business. For more information about Brent Cook and subscribe to his newsletter, check out his website. Enjoy this Wall Street View Update with Exploration Insights Editor/Geologist Brent Cook on.